BigBear.ai (NYSE:BBAI) Shares Down 3% - Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 3% on Friday . The company traded as low as $2.71 and last traded at $2.76. 16,177,302 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 23,730,937 shares. The stock had previously closed at $2.84.

Wall Street Analysts Forecast Growth

BBAI has been the topic of several recent analyst reports. Cantor Fitzgerald decreased their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Northland Capmk cut BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, HC Wainwright decreased their price objective on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, March 7th.

BigBear.ai Stock Down 1.7 %

The firm has a market capitalization of $744.19 million, a PE ratio of -2.83 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a fifty day simple moving average of $4.71 and a two-hundred day simple moving average of $3.45.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the sale, the chief accounting officer now directly owns 223,070 shares in the company, valued at $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company's stock.

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Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. AE Industrial Partners LP acquired a new stake in BigBear.ai in the 4th quarter worth approximately $284,721,000. Vanguard Group Inc. increased its position in shares of BigBear.ai by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock valued at $25,768,000 after acquiring an additional 23,994 shares during the period. Geode Capital Management LLC raised its stake in BigBear.ai by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after acquiring an additional 38,858 shares during the last quarter. State Street Corp lifted its position in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after acquiring an additional 267,673 shares during the period. Finally, TFG Asset Management GP Ltd purchased a new stake in BigBear.ai during the 4th quarter valued at about $4,005,000. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.